DaimlerChrysler says U.S. sales skid 34% in July
08-01-2006, 10:19 AM
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DaimlerChrysler says U.S. sales skid 34% in July
DaimlerChrysler says U.S. sales skid 34% in July, Reuters reports.
check out www.cnnfn.com for more info when it comes available.
DaimlerChrysler sales drop by over a third
But the Mercedes division rose by four percent.
August 1 2006: 12:03 PM EDT
DETROIT (Reuters) -- DaimlerChrysler AG said on Tuesday U.S. sales fell 34 percent in July to 171,940 vehicles as sales at its U.S. Chrysler unit plunged.
U.S. sales at Chrysler Group fell an unexpected 37 percent to 150,349 vehicles despite aggressive incentives, including employee-pricing discounts and interest-free loans.
The German carmaker's Mercedes luxury unit reported its highest July sales on record with 21,591 new vehicles sold in July, an increase of 4 percent over a year ago.
But the Mercedes division rose by four percent.
August 1 2006: 12:03 PM EDT
DETROIT (Reuters) -- DaimlerChrysler AG said on Tuesday U.S. sales fell 34 percent in July to 171,940 vehicles as sales at its U.S. Chrysler unit plunged.
U.S. sales at Chrysler Group fell an unexpected 37 percent to 150,349 vehicles despite aggressive incentives, including employee-pricing discounts and interest-free loans.
The German carmaker's Mercedes luxury unit reported its highest July sales on record with 21,591 new vehicles sold in July, an increase of 4 percent over a year ago.
Last edited by johnsocal; 08-01-2006 at 11:19 AM.
08-01-2006, 11:34 AM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
Ouch, ouch, ouch. A sales hit like that, with employee pricing program at the same time, and relatively fresh product. Hate to see what this month holds.....
Wasn't it a couple months back Chrysler was accused of unloading cars on dealers, that couldn't take anymore?
Wasn't it a couple months back Chrysler was accused of unloading cars on dealers, that couldn't take anymore?
08-01-2006, 01:42 PM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
Chrysler isFAR more dependent on trucks than any other US auto maker. Dodge trucks have been defying trends (and gravity) since fuel prices went up and the sales of truck at GM and especially Ford have gone down. The only hits Chrysler has on the car side is the 300, the Charger, the and to a lesser extent, the Magnum. The new Dodge Caliber is also a hit, but is still picking up steam.
Chrysler also was overproducing vehicles. I'm sure Jason knows more about this than I do, but it seems Chrysler was also pushing dealers to accept large quanities of it's less desirable and older models to get the hot selling ones.
There's gotta be a point when dealers are saturated and can't take any more. Throw in that Dodge trucks are finally being affected by higher fuel prices & that the LX craze (while still very much there) has leveled off somewhat, and Chrysler hit's a wall.
But NO ONE is predicting Chrysler won't recover.... unlike Ford.
Ford had the same drop in monthly sales over last year, but unlike Chrysler that has new vehicles coming out the wazoo for the next few years and essentially a skeleton workforce, Ford seems stuck in the mud and almost self destructive as far as bringing out new & exciting vehicles... or at least designs.
Chrysler also was overproducing vehicles. I'm sure Jason knows more about this than I do, but it seems Chrysler was also pushing dealers to accept large quanities of it's less desirable and older models to get the hot selling ones.
There's gotta be a point when dealers are saturated and can't take any more. Throw in that Dodge trucks are finally being affected by higher fuel prices & that the LX craze (while still very much there) has leveled off somewhat, and Chrysler hit's a wall.
But NO ONE is predicting Chrysler won't recover.... unlike Ford.
Ford had the same drop in monthly sales over last year, but unlike Chrysler that has new vehicles coming out the wazoo for the next few years and essentially a skeleton workforce, Ford seems stuck in the mud and almost self destructive as far as bringing out new & exciting vehicles... or at least designs.
08-01-2006, 02:01 PM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
It seems the percentage drops noted are comparing last years fire sale of employee pricing. Apples and Oranges really cept for Chrysler. Not as big of impact as it might appear. I'd like to see numbers compared to previous months of this same calendar year without the employee pricing fire sale skewing the numbers.....
08-01-2006, 02:15 PM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
Originally Posted by Derek M
It seems the percentage drops noted are comparing last years fire sale of employee pricing. Apples and Oranges really cept for Chrysler. Not as big of impact as it might appear. I'd like to see numbers compared to previous months of this same calendar year without the employee pricing fire sale skewing the numbers.....
True, but the argument is never used in reverse when sales look better because the prior year didnt have a 'fire sale'.
In the retail clothing industry they often blame the weather for poor sales for a particular season when they don't meet profit projections, but they never give the weather the credit when sales are good.
Last edited by johnsocal; 08-01-2006 at 02:18 PM.
08-01-2006, 04:08 PM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
Good to see the Impala, MC, G6, Vette, GTO, and HHR (did it have a full month last year?) doing well.
Seems now that the General is trimming the fat off and getting its new product out, its feeding itself well. Octobers truck release will make it only better!
Seems now that the General is trimming the fat off and getting its new product out, its feeding itself well. Octobers truck release will make it only better!
08-01-2006, 07:27 PM
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Re: DaimlerChrysler says U.S. sales skid 34% in July
Originally Posted by km9v
Dear Dr. Z., Why does Chrysler/Dodge sales suck so bad?
Chrysler also was overproducing vehicles. I'm sure Jason knows more about this than I do, but it seems Chrysler was also pushing dealers to accept large quanities of it's less desirable and older models to get the hot selling ones.
There's gotta be a point when dealers are saturated and can't take any more. Throw in that Dodge trucks are finally being affected by higher fuel prices & that the LX craze (while still very much there) has leveled off somewhat, and Chrysler hit's a wall.
There's gotta be a point when dealers are saturated and can't take any more. Throw in that Dodge trucks are finally being affected by higher fuel prices & that the LX craze (while still very much there) has leveled off somewhat, and Chrysler hit's a wall.
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